Akinda Review
Co-Founder & CEO, HalalWallet
Reviewed quarterly and updated when provider terms, ratings, or coverage change.
Akinda is a Shariah-compliant stock research and portfolio platform. It screens US, UK, and Canada listed equities against AAOIFI Shari'ah Standard No. 21, shows the ratio math behind every verdict, and is a research tool rather than a brokerage.
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Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
HalalWallet 2026 Review
Akinda - At a Glance
1
Products Reviewed
50
States Served
1
Category
2023
Founded
Our Verdict
Akinda is the most transparent free AAOIFI stock screener we list: Standard 21 applied in public, every verdict showing the ratio math, and figures pulled from the filings rather than estimated. That is a real differentiator against Zoya and Musaffa, whose deepest reports sit behind paid plans. It is not a higher-scoring platform overall. Oversight is one named CSAA adviser, not a multi-member board or an independent certification. Coverage is US, UK, and Canada listed equities, not a 60-market universe. Zoya still wins if you need to re-screen the same ticker under S&P, MSCI, Dow Jones, and FTSE rulebooks, and Musaffa still wins on graded C- to A+ history and scholar depth. Use Akinda when you want to see the AAOIFI math without paying; use Zoya or Musaffa when you need breadth, multi-standard switching, or a heavier Shariah-governance story.
Pros & Cons
What We Like
- Free full screener with the AAOIFI ratios visible on every verdict, not gated behind a paid plan
- Methodology page publishes the exact Standard 21 formulas, including the 12-quarter average market-cap rule for debt and interest-bearing investments
- Named AAOIFI CSAA adviser Dr. Muhammad Nazir Khan, with the methodology reviewed under that credential
- Purification amount calculated when a passing stock still has incidental non-permissible income
- Worldwide web, iOS, and Android access; no account-funding minimum because it is not a broker
What Could Be Better
- No multi-member Shariah supervisory board and no third-party methodology certificate
- Screening universe is US, UK, and Canada listed equities - narrower than Musaffa's global coverage
- Cannot flip the same ticker across S&P, MSCI, Dow Jones, and FTSE rulebooks the way Zoya Pro can
- Founded 2023; company-claimed traction is about 15,000 monthly active users
- Homepage marketing still mentions brokerage-style trading, while the listing Akinda sent us states they do not hold funds or execute trades - treat it as research until that contradiction is cleaned up
Who Is Akinda Best For?
DIY investors who want to see the AAOIFI math for free
The free tier includes the full screener and displays the underlying ratios on every verdict
Investors checking US, UK, or Canada listed names
Those three listing venues are the current screening universe, with figures taken from the local filings
Users who will execute at their own broker
Akinda is a research and screening layer, not a brokerage or asset manager
Detailed Analysis
Akinda Capital Technologies LLC was incorporated in Delaware in October 2023. The product is a Shariah-compliant stock research and portfolio platform: screening, portfolio tracking, purification and zakat calculators, backtesting, and AI-assisted analysis. In the listing they sent HalalWallet they were explicit that they do not hold client funds, execute trades, or manage portfolios. That legal posture matters, because the public homepage still talks about combining screening with 'real brokerage trading.' Until that copy matches the listing, treat Akinda as a research tool and execute at your own broker.
The screening methodology is the product, and it is published. Akinda applies AAOIFI Shari'ah Standard No. 21 in two stages. Phase 1 is a business-activity screen with 0% tolerance for a core business in conventional banking and insurance, alcohol, pork, gambling, tobacco, adult entertainment, or weapons. Phase 2 is the financial screen. On the live methodology page (crawled 2026-09-19) debt and interest-bearing investments are measured against trailing 12-quarter average market capitalization, not spot market cap: interest-bearing debt must stay under 30%, interest-bearing securities and deposits under 30%, and non-permissible income under 5% of total revenue. A stock must pass every test. Verdicts come back Halal, Haram, or Doubtful when filings are incomplete or a merger obscures the numbers. Where a passing stock still has a small non-permissible income share, Akinda calculates the purification amount.
Data sourcing is the other published claim. Akinda says it uses structured market data (they name FMP) plus an AI auditor that extracts variables from official filings: SEC 10-K/10-Q in the US, Companies House in the UK, and 40-F / IR reports in Canada. Holdings are re-screened after each earnings season, so a company's status can change quarterly. That filing-level posture is what they are selling against apps that only show a badge.
Shariah oversight is a single named scholar. Dr. Muhammad Nazir Khan, listed on the methodology page as Shariah adviser, is an AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda says it applies AAOIFI's published standard directly rather than a proprietary interpretation, and that it does not currently operate a separate multi-member Shariah supervisory board. That is weaker governance than Musaffa's Amanah Advisors certificate plus a sitting AAOIFI board member, and thinner than Zoya's two-scholar panel. It is still named, credentialed, and public, which is more than many early-stage screeners disclose.
Pricing is the easiest comparison. The stock screener is free. Paid consumer plans are Standard $7/month, Premium $9/month, and Investor $20/month, with a separate B2B API at b2b.akinda.io. There are no trading commissions or AUM fees because there is no brokerage. Coverage is the constraint: US, UK, and Canada listed equities, with a homepage claim of 10,000+ stocks. Company-claimed traction is about 15,000 monthly active users, plus Plug and Play Batch 5, a Google for Startups grant, and IT Park residency. Those are their numbers, not independently audited.
How It Works
Akinda does not restructure transactions or custody assets. It verifies listed equities against AAOIFI Shari'ah Standard No. 21 (business-activity screen plus the 30% / 30% / 5% financial ratios, with debt and interest-bearing investments measured against trailing 12-quarter average market cap) and shows the ratios behind each verdict. Trades, if any, happen at the user's own broker.
Look up a US, UK, or Canada listed ticker
The free screener returns a Halal / Haram / Doubtful verdict with the underlying AAOIFI ratios visible.
Read the filing-level math
Debt, interest-bearing investments, and non-permissible income are shown as ratios so you can verify the result instead of trusting a badge.
Purify incidental income
When a passing stock still has a small non-permissible income share, Akinda calculates the purification amount to donate.
Execute at your own broker
Akinda does not hold funds or place trades. Use the verdict as research, then buy through your existing brokerage.
Shariah Compliance Review
Oversight Level
Named Scholar - individual scholar endorsement
Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA), oversees screening. Akinda applies AAOIFI Shari'ah Standard No. 21 and does not operate a multi-member Shariah supervisory board.
Screening follows AAOIFI Shari'ah Standard No. 21 as published on akinda.io/shariah-screening-methodology (crawled 2026-09-19): business-activity exclusions, then interest-bearing debt under 30% of trailing 12-quarter average market cap, interest-bearing investments under 30% of that same average, and non-permissible income under 5% of revenue.
Named Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda does not operate a multi-member Shariah supervisory board and has not published a third-party methodology certificate.
Data: latest regulatory filings (US 10-K/10-Q, UK Companies House, Canada 40-F and IR), with holdings re-screened after each earnings season. Verdicts are research outputs, not fatwas or buy recommendations.
Regulatory posture (provider-stated, 2026-09-18): research and screening only. Akinda does not hold client funds, execute trades, or manage portfolios. No broker-dealer or RIA registration was provided.
Shariah compliance should always be verified directly with Akinda. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Akinda's closest peers are Zoya and Musaffa. Akinda wins on free, visible AAOIFI ratio math. Zoya wins on multi-standard switching and a two-scholar panel. Musaffa wins on coverage, graded C- to A+ history, and a certified methodology overseen by a sitting AAOIFI board member.
vs. Zoya
Zoya also applies AAOIFI by default and shows ratio detail on paid reports, and Pro users can re-screen the same ticker under S&P, MSCI, Dow Jones, and FTSE rulebooks. Akinda counters with a free full screener and filing-extracted Standard 21 math. Zoya has two named scholars; Akinda has one CSAA adviser and no multi-standard switch.
vs. Musaffa
Musaffa's methodology is independently certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and much broader global coverage. Akinda is cheaper to use in depth (free full screener) and publishes the ratio math on every verdict, but it does not match Musaffa on scholar depth or universe size.
vs. Wahed Invest
Wahed manages a halal portfolio for you under a formal Shariah board. Akinda is the opposite product: a self-directed research layer with no custody and no managed portfolios.
Bottom Line
Use Akinda when you want AAOIFI Standard 21 math in the open without paying. Use Zoya or Musaffa when you need broader coverage, multi-standard switching, or a heavier Shariah-governance story. Akinda is a strong free listing, not the highest-scoring screener in the set.
Products from Akinda
Akinda
Akinda Halal Stock Screener
Akinda is a Shariah-compliant stock research and portfolio platform for Muslim investors. It screens US, UK, and Canada listed equities against AAOIFI Shari'ah Standard No. 21 and shows the full ratio math behind every verdict, alongside portfolio tracking, purification and zakat calculators, backtesting, and AI-assisted stock analysis. Akinda is a research tool, not a brokerage: it does not hold client funds, execute trades, or manage portfolios.
Opens provider site - no obligation
HalalWallet is an independent, education-only comparison site. Some outbound links earn referral fees.Advertiser disclosure
Important: HalalWallet is not a lender, mortgage broker, loan originator, or settlement agent. We are an educational comparison site and do not originate applications on your behalf.
Items marked “Featured” may include paid placement in that module. Where you control sort order (tables, filters), your selection applies.
Referral fees typically come from the provider's marketing budget and should not increase what you pay - you should receive the same terms as visiting providers directly; confirm with the provider. How we make money · Methodology · Legal disclosures
Where Available
Based on listings we track, Akinda operates nationwide across the U.S.:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Akinda.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Akinda is in HalalWallet's independent directory for Investing, with listings covering nationwide across the U.S.. Structures we list: Stock Screener. Confirm terms and Shariah documentation directly with Akinda.
- Akinda currently has 1 product in our listings (Investing).
- Coverage we list: nationwide across the U.S..
- Contract structures we list: Stock Screener.
- Always verify compliance directly with Akinda and consult qualified Islamic finance advisors when needed.
- Compare Akinda with other providers on HalalWallet before you apply.
Source: HalalWallet (halalwallet.us)
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-10-01
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Akinda offer?
Akinda has 1 product we currently list across 1 category. Structures we list: Stock Screener. Akinda is best for diy investors who want to see the aaoifi math for free; investors checking us, uk, or canada listed names; users who will execute at their own broker. Confirm terms directly with Akinda.
How does Akinda ensure Shariah compliance?
Screening follows AAOIFI Shari'ah Standard No. 21 as published on akinda.io/shariah-screening-methodology (crawled 2026-09-19): business-activity exclusions, then interest-bearing debt under 30% of trailing 12-quarter average market cap, interest-bearing investments under 30% of that same average, and non-permissible income under 5% of revenue. Named Shariah adviser: Dr. Muhammad Nazir Khan, AAOIFI Certified Shari'ah Adviser and Auditor (CSAA). Akinda does not operate a multi-member Shariah supervisory board and has not published a third-party methodology certificate. Data: latest regulatory filings (US 10-K/10-Q, UK Companies House, Canada 40-F and IR), with holdings re-screened after each earnings season. Verdicts are research outputs, not fatwas or buy recommendations. Regulatory posture (provider-stated, 2026-09-18): research and screening only. Akinda does not hold client funds, execute trades, or manage portfolios. No broker-dealer or RIA registration was provided.
How does Akinda work?
Look up a US, UK, or Canada listed ticker: The free screener returns a Halal / Haram / Doubtful verdict with the underlying AAOIFI ratios visible. Read the filing-level math: Debt, interest-bearing investments, and non-permissible income are shown as ratios so you can verify the result instead of trusting a badge. Purify incidental income: When a passing stock still has a small non-permissible income share, Akinda calculates the purification amount to donate. Execute at your own broker: Akinda does not hold funds or place trades. Use the verdict as research, then buy through your existing brokerage.
Is Akinda available in my state?
Akinda operates nationwide across the U.S., though specific products may have regional limitations. Always verify current availability directly with Akinda.
What are alternatives to Akinda?
Akinda's closest peers are Zoya and Musaffa. Akinda wins on free, visible AAOIFI ratio math. Zoya wins on multi-standard switching and a two-scholar panel. Musaffa wins on coverage, graded C- to A+ history, and a certified methodology overseen by a sitting AAOIFI board member. Zoya: Zoya also applies AAOIFI by default and shows ratio detail on paid reports, and Pro users can re-screen the same ticker under S&P, MSCI, Dow Jones, and FTSE rulebooks. Akinda counters with a free full screener and filing-extracted Standard 21 math. Zoya has two named scholars; Akinda has one CSAA adviser and no multi-standard switch. Musaffa: Musaffa's methodology is independently certified by Amanah Advisors and overseen by a sitting AAOIFI Shariah Board member, with C- to A+ grades and much broader global coverage. Akinda is cheaper to use in depth (free full screener) and publishes the ratio math on every verdict, but it does not match Musaffa on scholar depth or universe size. Wahed Invest: Wahed manages a halal portfolio for you under a formal Shariah board. Akinda is the opposite product: a self-directed research layer with no custody and no managed portfolios.
Are Akinda's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Akinda?
Visit Akinda at akinda.io, or use the product links on this page.
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Full AAOIFI-based Shariah screens - business activity, financial ratios, and where scholars differ - for the kinds of holdings Akinda screens.
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